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flag MiniMed Group, Medtronic’s diabetes unit, filed for a U.S. IPO on December 19, 2025, to become an independent public company.

flag Medtronic’s diabetes unit, MiniMed Group, has filed for a U.S. IPO to become an independent public company, aiming to list on Nasdaq under the ticker "MMED." flag The filing, announced on December 19, 2025, marks a key step in Medtronic’s plan to spin off its diabetes business, with proceeds to repay intercompany debt and fund general corporate needs. flag MiniMed reported a $21 million net loss on $1.48 billion in sales for the six months ending October 24, 2024, improving from a $23 million loss the prior year. flag The IPO, led by major underwriters, is expected to finalize within 18 months, with Medtronic retaining at least 80.1% of voting shares. flag The move reflects a broader trend of corporate separations and a revived IPO market, with U.S. offerings raising $75.3 billion in 2025.

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